Logestic Assignment 03.docx

International logistics Assignment: - 03 Name: - Jha Sandeepkumar Roll no: - 189

Q: 1 what is flag of convenience? Ans: - When registering a vessel for international travel, one must choose a nation under the flag of which that vessel will sail. The term “flag of convenience” refers to registering a ship in a sovereign state different from that of the ship's owners. Ships registered under flags of convenience can often reduce operating costs or avoid the regulations of the owner's country. To do so, a vessel owner will find a nation with an open registry, or a nation that allows registration of vessels owned by foreign entities. A ship operates under the laws of its flag state, so vessel owners often register in other nations to take advantages of reduced regulation, lower administrative fees, and greater numbers of friendly ports. Q: 2 Describe imo/cao? Ans: - IMO = The International Maritime Organization (IMO) is a specialized agency of the United Nations that is responsible for measures to improve the safety and security of international shipping and to prevent marine pollution from ships. According to the IMO, themselves more specifically, the IMO is the global standard-setting authority for the safety, security and environmental performance of international shipping. CAO = International Civil Aviation Organization (CAO) adopts standards and recommended practices concerning air navigation, its infrastructure, flight inspection, prevention of unlawful interference, and facilitation of bordercrossing procedures for international civil aviation.